Word: pinching
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...since early February, and last week, in a frenzy of deep plunges and brief rallies, it lost another four points to close at 927.95. Wall Street is worried that the fight on inflation and the war in Viet Nam may oblige the Government to take harsh steps that will pinch prosperity. That specifically includes the likelihood of higher taxes, but many investors would rather see Lyndon Johnson raise taxes than rely on Federal Reserve Chairman William McChesney Martin Jr. to make the nation's money still tighter. Sums up Walter C. Gorey, head of his own San Francisco brokerage...
Though producers set output records last year, demand is now running well ahead of supply as a result of continuing economic expansion. Aside from copper, the pinch is tightest in the strengthening and rust-resisting metals used to make alloy steels. Detroit is consuming more chrome steel for trim. A surge in orders for machine tools has boosted demand for tungsten steel used in cutting edges. Molybdenum, one of the prime hardening metals, is so scarce that steelmakers frequently are forced to buy on a grey market, where they pay speculators double or triple the going price...
...recommended that employing a permanent pinch hitter for pitchers could prolong a star's career by five years...
...Administration hiked its interest on G.I. mortgages from 5¼% to 5½% . Tax-free municipal bond yields rose to a postwar high of 3.83%, causing dozens of cities, counties and school districts to postpone or cancel millions of dollars worth of bond issues. Another effect of the credit pinch: auto finance companies have become tougher in risking loans, which is one reason why auto sales so far in 1966 are slightly off last year's record rate...
Near the Goal. The U.S. right now is closer to Keynes's cherished goal of full employment of its resources than it has ever been in peacetime. Unemployment melted during 1965 from 4.8% to an eight-year low of 4.2%. Labor shortages, particularly among skilled workers, are beginning to pinch such industries as aerospace, construction and shipbuilding. Manufacturers are operating at a ten-year high of 91% of capacity, and autos, aluminum and some other basic industries are scraping up against 100%. Contrary to popular belief, industrialists do not like to run so high because it forces them to start...